BUSINESS

Sumitomo Dainippon Operating Profit Plummets 50% on Drug Price Cut, Generic Erosions

October 31, 2018
Sumitomo Dainippon Pharma suffered a plunge of over 50% in the first half of FY2018 as its Japan revenue was battered by the April 2018 drug price revision and relentless generic inroads, the company said on October 30. In April-September,…

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